Icahn’s Stake in eBay Now Close to 2%

Carl Icahn’s stake in eBay is nearly 2%, at least double what the online retailer disclosed Wednesday, according to a person familiar with the details.

Getty Images

As part of its earnings release, eBay said Icahn had amassed a 0.82% stake in the San Jose, Calif. company. Icahn is pushing for eBay to split payments unit PayPal off as a separate company and has nominated two employees–Jonathan Christodoro and Daniel Ninivaggi–as nominees for its board of directors.

EBay shares rose nearly 1% to $54.94 on Thursday and were up 16 cents in trading after the market’s close. A 2% stake in eBay would be worth about $1.42 billion, based on eBay’s market capitalization of $71.13 billion as of Thursday.

EBay didn’t immediately respond to a request seeking comment about the size of Icahn’s stake.